fools and their money... I have little sympathy for these people. They made some ill-advised investments that they could not afford or understand and now they're paying for it. Read stuff before you sign it or walk away.

"Victim endorsed fraud"? That's been around for years. I first ran into it about 5 years ago.

It was a complicated scam, involving buying and leveraging life insurance policies from overseas insurers and sharing the profits (ha!) with the victims. They would (supposedly) buy life insurance on as many people as the scammers could con out of their personal information (read: a false pretense as a cover for identity theft, insurance fraud, money laundering, etc).

Anyway, all you had to do is give them your personal information and set up an off-shore bank account in your name for them to deposit your money in, so that it remains tax-free of course. Oh, and not tell the authorities, because you don't want them to know about your fraud and attempted tax evasion, do you?

There is always one thing I ask myself when someone presents a get rich quick scheme. "If this is such a good deal, why are they telling me about it?" If that Mortgage guy have all those people lined up to rent, why didn't he just buy the houses and make money himself?